ESOP

answered on 09-Apr-21 14:20

Why are we not passing journal entries for 31st march 20X1. Its ok that it is asked only to pass entries as on 31.03.20X2 but why are we charging the entire cost(432000) to Fy20X1-X2 when the vesting petiod begins on 01.01.20X1 and ends on 31.03.20X2 (totally 15months) ? Only 345600 should be charged to p&l of 20X1-X2 and the remaining should be charged off in FY20X0-X1 right?

latest answer

Its should be 01-01-X2 in question

Venkatesh Rathinam

CA Final

★ 15K+

1

468

goods in transit

answered on 09-Apr-21 10:27

What is its treatment in branch accounts abd balancesheet

latest answer

Stock at branch including transit is shown in the credit side of Branch a/c / Branch stock a/c or Trading & profit and Loss A/c as the case may be.

Sajan Gangadharan

CA Final

★ 9K+

1

408

branch accounting old syllabus group 2

answered on 09-Apr-21 10:59

practice manual question no. It says that the goods from head office are sent to branch at cost plus 10%. And all the sales by head office or by branch were made at a gross profit of 25% on their respective cost. Whether this computation is correct or that of the computation given in attachment of pm. Sales 820000/125*110 = 721600 Add shortage 20000/125*110=17600 Less goods sent. = 924000 C. S. = 184800 C. S as per pm is 208000. I am attaching both q and ans

latest answer

One given in PM is correct. You should not multiply with 110 - it should be 82000/125*100 only Sale price/125*100 will give cost at which branch received. On that later, we will apply 10/110 for calculating stock reserve for h.o. and branch as total

Sajan Gangadharan

CA Final

★ 9K+

1

447

Doubt

answered on 08-Apr-21 19:26

Forfeited share amount in "balance sheet" is added with subscribed capital or capital reserve ..?

latest answer

Thank u sir understood

Sri kanaga Varshini

CA Final

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4

448

Interim Dividend

answered on 08-Apr-21 11:15

Interim Dividend is calculated on 6 months or 12 months?

latest answer

Thanks sir. Thats what i was confused. I thought interim divident means dividend for half year.

Lalit Sanpal

CA Final

★ 6K+

3

416

Investments

answered on 08-Apr-21 10:31

Question silent about cum or ex divident then what will assume

latest answer

Ex dividend

OMKAR REDDY

CA Inter

★ 6K+

1

429

As26

answered on 08-Apr-21 10:59

Franchise meaning ?

latest answer

A franchise is a joint venture (agreement) between franchisor and franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor's goods or services under an existing business model and trademark.

Nivetharaman Raman

CA Foundation

★ 11K+

1

437

FS of companies ill - 7

answered on 09-Apr-21 10:12

Please explain me regarding the double counting issue in the equity capital in a much more detailed way.

latest answer

Thank you sir

Sainisha Ramesh

CA Inter

★ 200

7

413

Preference share

answered on 07-Apr-21 21:59

In illustration 5 in icai material Creation of crr will be 37500 only know how it can be 33750 bcoz there is no premium on issue equity share

latest answer

Question changed but answer given as per earlier question

Kanaga Mani

CA Inter

★ 3K+

1

390

Hire purchase and installments..

answered on 08-Apr-21 22:00

How do got the amt of bank in delhi motors a/c

latest answer

Tq u sir :)

Sandhya K

CA Inter

★ 5

2

417